Evaluation Possibilities and Governance of Social Impact: Including Expectations and Concerns about SIB

DOI Web Site

Bibliographic Information

Other Title
  • ソーシャル・インパクトの評価可能性とガバナンス―SIBへの期待と懸念も含めて―
  • ソーシャル ・ インパクト ノ ヒョウカ カノウセイ ト ガバナンス : SIB エ ノ キタイ ト ケネン モ フクメテ

Search this article

Abstract

<p>In the background of growing social needs of social services, activities and contribution of social business and the third sector have become important and thus the concept of social impact intending to estimate its economic value is being established. In this paper we interpret the concept of social return on investment (SROI), which is for evaluating the social impact, in comparison with the concept of internal rate of return in the cost-benefit analysis. Then we examine the significance of evaluating the impact of social projects as the value for money and point out that there are difficulties and limitations to do it. Next, we take up social impact bonds (SIB) which have been attracting attention as the ideas to practice social impact activities. We organize the concept and the scheme of SIB and compare the merits and the demerits pointed out to SIB. We again confirm that to evaluate the results of social projects (outcomes and impact) has important implications in helping the SIB scheme to function. At the same time, it is emphasized that government failure might occur in the evaluation stage of outcomes and impacts. It is claimed that it is important to consider a system of governance from a wider framework in order to restrain conspiracy or collusion in the SIB scheme.</p>

Journal

Related Projects

See more

Keywords

Details 詳細情報について

Report a problem

Back to top